Suppose that market equilibrium is at point D in the above picture. The price of this good is expected to rise in the future, then market equilibrium will A. shift to point A. B. shift to point B. C. shift to point C. D. remain at point D.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose that market equilibrium is at point D in the above picture. The price of this good is expected to rise in the future, then market equilibrium will

A. shift to point A.
B. shift to point B.
C. shift to point C.
D. remain at point D.
Price
A
D
B
100
D1
S1
D2
S2
Quantity
Transcribed Image Text:Price A D B 100 D1 S1 D2 S2 Quantity
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